Procedure on Government Land Sales (GLS)
Government Land Sales in Singapore has both Confirmed and Reserve List that are release every 6 months on the market. The list are often adjusted base on demand and supply, to provide flexibility for land development for residential and also commercial properties.
Reserve List
Reserve List as it name implied are under “reservation” and only release when a developer sound an interest with an offer that government deem is acceptable or when few developers indicate an interest for the site with a indicative reasonable minimum price.
Confirmed List
Confirmed List are the list of sites currently launched for tenders. There’s often a release date and also a cut off date for the tender. Developers have to apply for the tender under a eDeveloper Packet that consists on
Technical Conditions of Tender
Application Form
Tender Condition
Any other document
Cost at $181.90 (with GST)
Foreign Developers Requirements
Foreign developers looking to purchase land site in Singapore has first write in to Singapore Land Authority (SLA) and apply for a “Qualifying Certificate (Form QA), together with a security deposit of about 10% of the indicative land price.
The land site will have to be finish within 5 years upon tender.
Foreign developers has to sell all the units within 2 years from TOP or may have to face fine from government.
Details on Government Land Sales (GLS)
A 99-year leasehold construction is situated in Bukit Batok West Avenue 8 Executive Condo, District 23, a site situated in the middle of Bukit Batok Town. It is estimated to house 375 flats in that area which would comprise 12,500 square meters in total.
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According to experts, the public bidding for a prime site in Marina View ended on Tuesday (September 21) with just one offer, since developers were wary of the high land and construction expenses, as well as the uncertainties surrounding the office and hotel sectors in the CBD.
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Pine Grove Parcel A and B site is under Government Land Sales (GLS) and set to be release 2nd half of 2021 around November 2021. Both have a plot ratio of 2.1 and can build up to 520 and 565 residential units.
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The 99-year leasehold site at Lentor Hill Parcel A and B is under the GLS program and set to be released on the 2nd half of 2021.
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With a bid of $1.508 billion, a premier property in Marina View that allows for a variety of uses was put up from the government’s reserve list, signaling increased demand for premier residential units inside the Central Business District, experts said.
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